ALBA 2007 â 1 plc - Irish Stock Exchange

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Section B: Ne ar Prime Mortgage Pool 1. Portfolio Statistics GMAC-RFC Cut-Off Date: <strong>2007</strong>-03-21 Original Balance (£): 670,065,799.00 Current Balance (£): 673,152,386.53 Average Current Balance (£): 142,405.84 Number of Loans: 4727 Percentage of Buy to Let Loans: 27.80% Percentage of Self Certified Loans: 31.10% Weighted Average Current Margin of Floating Rate Loans (%): 0.73% Weighted Average Stabilised Margin (%): 1.98% Weighted Average Fixed Rate: 5.50% Weighted Average Remaining Term to Reversion as of Cut-Off Date (months): 19.01 Weighted Average Seasoning as of Cut-Off Date (months): 4.89 Weighted Average Original Loan To Value (%): 82.85% Weighted Average Current Loan To Value (%): 83.28% Percentage of pool with Current Loan To Value > 80% (by balance): 74.60% Percentage of pool with Current Loan To Value > 90% (by balance): 32.75% Percentage of pool with Current Loan To Value > 92.5% (by balance): 10.66% Percentage of pool with 1 County Court Judgement (by balance): 1.49% Percentage of pool with 2 County Court Judgements (by balance): 0.07% Percentage of pool with more than 2 County Court Judgements (by balance): 0.07% 2. Distribution by Current Balance (£) Distribution by Current Balance Current Balance (£) Current Balance (% of Total) Number of Loans Number of Loans (%) (£) = 5,688,434.04 0.85 10 0.21 Total: 673,152,386.53 100.00 4,727 100.00 Average: 142,405.84 Current Balance includes fees capitalised at completion and accrued since origination 3. Distribution by Original Loan to Value (%) Distribution by Original Loan to Current Balance (£) Current Balance (% of Total) Number of Loans Number of Loans (%) Value (%)
Distribution by Original Loan to Current Balance (£) Current Balance (% of Total) Number of Loans Number of Loans (%) Value (%) 70.01% - 75.00% 54,331,136.94 8.07 386 8.17 75.01% - 77.50% 17,176,017.08 2.55 110 2.33 77.51% - 80.00% 23,527,576.00 3.50 158 3.34 80.01% - 82.50% 25,134,445.59 3.73 169 3.58 82.51% - 85.00% 115,471,890.38 17.15 755 15.97 85.01% - 87.50% 31,277,816.23 4.65 228 4.82 87.51% - 90.00% 250,777,010.77 37.25 1,640 34.69 90.01% - 92.50% 4,723,188.35 0.70 32 0.68 92.51% - 95.00% 69,798,169.99 10.37 486 10.28 Total: 673,152,386.53 100.00 4,727 100.00 Weighted Average: 82.85% Original Loan to Value is calculated on the basis of the original loan balance, excluding fees, as a percentage of the recent valuation of the property. 4. Distribution by Current Loan to Value (%) Distribution by Current Loan to Current Balance (£) Current Balance (% of Total) Number of Loans Number of Loans (%) Value (%) = 1,610,734.67 0.24 15 0.32 Total: 673,152,386.53 100.00 4,727 100.00 Weighted Average: 83.28% Current Loan to Value is calculated on the basis of the current loan balance, including fees, as a percentage of the recent valuation of the property. 5. Distribution by Total Number of County Court Judgements Distribution by Total Number of County Court Current Balance (£) Current Balance (% of Number of Loans Number of Loans (%) Judgements Total) 0 662,203,535.26 98.37 4,646 98.29 1 10,042,029.41 1.49 74 1.57
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ALBA 2007 - 1 plc (Incorporated in
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As a condition to the issue of the
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PLC (in its capacity as account ban
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In connection with the issue and di
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SUMMARY INFORMATION This summary mu
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(a) (b) (c) the Completion Mortgage
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A2 Notes will rank in priority to t
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Noteholders and (iii) limiting the
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Principal Amount Outstanding togeth
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applicable, subject to the payment
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Agreement, the Cash Management, Mas
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Loans to the extent they accrue a f
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RISK FACTORS The following is a sum
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described in the previous sentence
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the Mortgage Rate for each of which
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Payments. The actual lives of the M
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status, repayment ability, debt-to
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There are concentrations of Propert
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and the right of the relevant Borro
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contracts) has to be issued or appr
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No assurance can be given that chan
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introduce alternative penalties for
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unforeseen taxable profits in the I
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company which is a party to an arra
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CREDIT STRUCTURE General The follow
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thereon) other than, following any
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Available Redemption Funds On any P
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(c) the Liquidity Facility is not r
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(d) (e) (f) the aggregate balance o
Page 59 and 60: (d) fourth, to the C Principal Defi
Page 61 and 62: In the event that the long-term, un
Page 63 and 64: the calculation period applicable t
Page 65 and 66: Assets except to the extent of any
Page 67 and 68: (B) (C) the special servicing fee d
Page 69 and 70: (xii) (xiii) (xiv) (xv) (xvi) (xvii
Page 71 and 72: (vii) (viii) (ix) seventh, pari pas
Page 73 and 74: credit of the Reserve Ledger to the
Page 75 and 76: elated rights and powers, and other
Page 77 and 78: CAPITALISATION STATEMENT The follow
Page 79 and 80: THE SERVICER Homeloan Management Li
Page 81 and 82: THE ACCOUNT BANK AND THE GIC PROVID
Page 83 and 84: THE INTEREST RATE SWAP COUNTERPARTY
Page 85 and 86: THIRD PARTY INFORMATION The informa
Page 87 and 88: insurance or endowment policy or ot
Page 89 and 90: Approximately 49.74 per cent. by lo
Page 91 and 92: • Investment properties (resident
Page 93 and 94: • Reference from current landlord
Page 95 and 96: • Properties under 10 years old w
Page 97 and 98: (a) (b) CCJs/Defaults will only be
Page 99 and 100: CHARACTERISTICS OF THE PRELIMINARY
Page 101 and 102: Distribution by Current Loan to Val
Page 103 and 104: Distribution by Property Type Curre
Page 105 and 106: 19. Distribution by Current Margin
Page 107 and 108: Distribution by Discount over Rever
Page 109: Distribution of Early Redemption Ch
Page 113 and 114: 9. Shared Ownership Status Shared O
Page 115 and 116: 17. Distribution by Arrears Multipl
Page 117 and 118: 24. Distribution by Interest Rate f
Page 119 and 120: Section C: Non-Conforming Mortgage
Page 121 and 122: Distribution by Total Number of Cou
Page 123 and 124: Distribution by Region Current Bala
Page 125 and 126: 20. Distribution by Stabilised Marg
Page 127 and 128: 27. Distribution of Early Redemptio
Page 129 and 130: companies and the Seller (or GMAC-R
Page 131 and 132: 1. Lending Criteria Subject to GMAC
Page 133 and 134: SERVICING AND SPECIAL SERVICING OF
Page 135 and 136: The Servicer is, under the Servicin
Page 137 and 138: (m) (n) (o) (p) (q) (r) (s) (t) (u)
Page 139 and 140: (k) (l) (m) (n) the total balance o
Page 141 and 142: (o) (p) (q) the balance of the Port
Page 143 and 144: Any credit agreement intended to be
Page 145 and 146: Arrears must be dealt with sympathe
Page 147 and 148: (p) (q) (r) (s) interest on the Not
Page 149 and 150: Weighted Average Life of D Notes in
Page 151 and 152: SUMMARY OF PROVISIONS RELATING TO T
Page 153 and 154: TERMS AND CONDITIONS OF THE NOTES T
Page 155 and 156: In accordance with this Condition 2
Page 157 and 158: (g) (h) (i) (j) (k) (l) (m) (n) (o)
Page 159 and 160: (A) (B) (C) (D) (E) other than in r
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(xxi) (xxii) twenty-first, to pay a
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E = the aggregate Principal Amount
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Contract and the Corporate Services
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(a) (b) amounts (other than in resp
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The Trustee shall not be responsibl
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(e) the Rate of Interest for any In
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(i) (ii) in the event that the aggr
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amount of any Note Principal Paymen
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All of the B Noteholders and/or the
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Condition 8: Taxation All payments
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of such Noteholders of the relevant
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authorisation of any breach or prop
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No rights are conferred on any thir
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TERMS AND CONDITIONS OF THE MERCs T
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(i) (ii) (iii) a first fixed charge
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provided by the Cross Currency Swap
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to do so by the holders of at least
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Sunday on which banks are open for
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such MERCs, the alteration of the m
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tax) which would not be suffered we
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TERMS AND CONDITIONS OF THE SUBORDI
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Subordinated Notes scheduled to the
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and/or the Issuer Security Deed tog
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(vii) (viii) (ix) (x) (xi) (xii) (x
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Agreements, the Paying Agents, the
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(xii) (xiii) twelfth, to pay pari p
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In giving any consent to the forego
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LIBOR in effect for the Interest Pe
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(a) Final Redemption of the Subordi
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close of business on the sixth Busi
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indemnified and/or secured to its s
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Trustee will not be responsible for
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(b) Notwithstanding the other provi
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TERMS AND CONDITIONS OF THE R CERTI
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As security for the payment of all
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(B) (C) (D) amounts due and payable
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Mortgage Loans at the end of the pr
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(vii) seventh, to pay pro rata and
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(b) Restrictions on Activities (i)
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(c) Determination and Calculation b
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adjourned meeting, two or more pers
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If Definitive R Certificates are is
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UNITED KINGDOM TAXATION The followi
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EU DIRECTIVE ON THE TAXATION OF SAV
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or other person to which it sells t
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GENERAL INFORMATION 1. The issue of
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GLOSSARY £ .......................
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Cap Provider and Liquidity Facility
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E Principal Deficiency.............
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Interest Only Mortgage Loan........
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Noteholders .......................
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Receiptholders ....................
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Subordinated Noteholders ..........
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ALBA 2007 â 1 plc - Irish Stock Exchange